CIE Automotive India Limited’s wholly owned subsidiary, CIE Hosur Limited, has divested its entire shareholding in Ojaha Renewables Private Limited for a consideration of ₹1.62 crore. The sale of 2,02,500 equity shares, representing a 27.89% stake, was concluded on June 25, 2026, with CSE Development (India) Private Limited. This transaction marks the exit of the subsidiary from an investment originally intended to secure green energy from captive solar power plants.

The disinvestment was executed in accordance with the Share Subscription and Shareholders Agreement dated January 29, 2024, and a subsequent Letter Agreement dated June 25, 2026. Following the sale, Ojaha Renewables has ceased to be an associate of CIE Hosur Limited and cie automotive . The buyer, CSE Development (India) Private Limited, does not belong to the promoter or promoter group of the company, confirming that the transaction is not a related party deal.

Financial Impact of the Sale

The disposal of the stake was completed on the same date the agreement was entered into. The financial details of the divested entity, based on the last audited financial statements attributable to the shareholding, indicate a negative net worth and loss position at the time of exit.

Transaction Details

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the sale does not fall under a Scheme of Arrangement and is not a slump sale. The consideration of ₹1.62 crore has been received for the transfer of the entire share capital held by the subsidiary.

Promoter Participaciones Internacionales Autometal DOS, S.L. (PIA2) has confirmed that it did not encumber any shares of cie automotive during the financial year ended March 31, 2026. The confirmation covers PIA2 and persons acting in concert (PACs), ensuring no shares were pledged directly or indirectly throughout FY26. This disclosure provides clarity on the holding structure of the promoter group during the specified period.

The confirmation was submitted in a letter addressed to the Audit Committee of CIE Automotive India Limited and the stock exchanges. The disclosure was made under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to report any encumbrance on shares held by them or PACs.

The letter, signed by Attorney in Law José Ramón Bercibar, explicitly states that no shares were encumbered during the financial year starting from April 1, 2025, and ending on March 31, 2026. The communication was sent to BSE Limited and the National Stock Exchange of India Limited to ensure compliance with regulatory requirements.

Key Details of the Disclosure